Global Medical Plastic Market Size & Outlook, 2023-2030
Global medical plastic market, 2018-2030 (US$M)
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Global medical plastic market highlights
- The global medical plastic market generated a revenue of USD 52,864.9 million in 2023 and is expected to reach USD 87,580.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.5% by 2030.
- In terms of segment, polyphenylsulfone (ppsu) accounted for a revenue of USD 27,469.7 million in 2023.
- Polypropylene (PP) is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 52,864.9 million |
| Market revenue in 2030 | USD 87,580.5 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Polyphenylsulfone (ppsu) |
| Fastest growing segment | Polypropylene (PP) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Polycarbonate (PC), Liquid Crystal Polymer (LCP), Polyphenylsulfone (PPSU), Polyethersulfone (PES), Polyethylenimine (PEI), Polymethyl Methacrylate (PMMA) |
Other key industry trends
- In terms of revenue, the North America accounted for 34.3% of the global medical plastic market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 427.2 million by 2030.
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Medical Plastic Market Scope
Medical Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global medical plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical plastic market will help companies and investors design strategic landscapes.
Polyphenylsulfone (ppsu) was the largest segment with a revenue share of 51.96% in 2023. Horizon Databook has segmented the Global medical plastic market based on polyethylene (pe), polypropylene (pp), polycarbonate (pc), liquid crystal polymer (lcp), polyphenylsulfone (ppsu), polyethersulfone (pes), polyethylenimine (pei), polymethyl methacrylate (pmma) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Medical Plastic Product Outlook (Revenue, USD Million, 2018-2030)
- Polyethylene (PE)
- Polypropylene (PP)
- Polycarbonate (PC)
- Liquid Crystal Polymer (LCP)
- Polyphenylsulfone (PPSU)
- Polyethersulfone (PES)
- Polyethylenimine (PEI)
- Polymethyl Methacrylate (PMMA)
- Others
- Global Medical Plastic Application Outlook (Revenue, USD Million, 2018-2030)
- Medical Device Packaging
- Medical Components
- Orthopedic Implant Packaging
- Orthopedic Soft Goods
- Wound Care
- Cleanroom Supplies
- BioPharm Devices
- Mobility Aids
- Sterilization and Infection Prevention
- Tooth Implants
- Denture Base Material
- Other Implants
- Others
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Target buyers of Global medical plastic market databook
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Our clientele includes a mix of medical plastic market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global medical plastic market , including forecasts for subscribers. This global databook contains high-level insights into Global medical plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global medical plastic market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical plastic market size, 2023 (US$M)
Global medical plastic market share, by product, 2023 & 2030 (%, US$M)
Medical plastic market: Opportunity assessment by country
Global medical plastic market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 11,466.7 | 11,979.8 | 13,025.3 | 15,637.5 | 16,950.3 | 18,145.7 | 19,720.6 | 21,234.7 | 22,952.8 | 24,928.1 | 26,873.8 | 29,082.5 | 31,003.0 | 8.0% |
| Europe | 9,789.3 | 9,483.2 | 10,732.6 | 13,276.5 | 14,118.9 | 14,942.0 | 16,052.4 | 17,085.4 | 18,254.3 | 19,594.4 | 20,876.9 | 22,327.6 | 23,477.1 | 6.7% |
| Asia Pacific | 9,155.1 | 9,782.0 | 11,208.1 | 13,458.7 | 14,547.9 | 15,578.8 | 16,935.1 | 18,238.7 | 19,716.9 | 21,415.0 | 23,086.7 | 24,982.7 | 26,582.3 | 7.9% |
| Latin America | 2,650.1 | 2,571.1 | 2,980.4 | 2,753.4 | 2,950.2 | 3,131.6 | 3,374.5 | 3,602.5 | 3,860.4 | 4,156.3 | 4,441.6 | 4,764.5 | 5,026.3 | 7.0% |
| MEA | 712.5 | 754.5 | 813.9 | 934.3 | 1,021.3 | 1,066.8 | 1,130.3 | 1,185.2 | 1,246.3 | 1,315.3 | 1,376.2 | 1,443.6 | 1,491.7 | 4.9% |
| Overall | 33,773.6 | 34,570.5 | 38,760.2 | 46,060.3 | 49,588.6 | 52,864.9 | 57,212.9 | 61,346.6 | 66,030.8 | 71,409.2 | 76,655.2 | 82,600.9 | 87,580.5 | 7.5% |
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